Bain Capital nears finish of a global buyout fund

By

James MawsonThe Wall Street Journal Europe

Updated Feb. 1, 2008 12:01 a.m. ET

Bain Capital LLC, a U.S.-based private-equity firm, is putting the finishing touches to its latest $20 billion global buyout fund in an indication that deal-making volumes are set for a comeback after a lean spell.

Steve Pagliuca, a managing director at Bain Capital, said the fund raising was "essentially closed" after investors clamored for access to the fund, which is expected to take advantage of opportunities emerging from the credit crisis. "We have long term and smart investors, many of which have been...